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How Our Greatest Financial Minds Bankrupted the Nation
Free Press
April 2009
On Sale: April 14, 2009
112 pages
ISBN: 1439159874
EAN: 9781439159873
Paperback
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Non-Fiction
The financial crisis that has gripped this country since
last September has had so many twists and turns, it
would make for a great drama -- if it all were not so
real and damaging. Companies are shutting down and
laying off workers, 401ks are melting away, and the
government is spending $700 billion dollars to bail out
banks and financial institutions -- and that's only the
beginning. The financial services industry, and the many
industries that depend on it -- from housing to cars --
is in intensive care.
So what happened? How did we get to this point of
financial disaster? Is the economy just a huge, Madoff-
esque Ponzi scheme? It is a complicated and confusing
story -- but Daniel Gross of Newsweek has a special gift
for making complicated matters easy to understand and
even entertaining. In Dumb Money, he offers a guide to
the debacle and to what the future may hold. This is not
so much a book about who did what, though that's part of
the story. Rather, it pieces together the building
blocks of the debt-fueled economy, and distills the
theory and personalities behind our late, lamented easy
money culture. Dumb Money is a book that finally lays it
all out in an engaging way, and might just help people
invest their money smartly until the gloom passes.
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